relationship between foreign direct investments and economic growth of Nigeria for the period between 1981 and 2014

📄 Project Abstract

Foreign Direct Investment (FDI) is perceived as one of the most important strategies for the promotion of economic growth and development in developing countries such as Nigeria. this is because FDI can serve as catalyst for growth by increasing the opportunity for developing the countries integration into global financial and capital flows, expand development and export base, generate technological capability building and efficiency spillovers to local firms as well as establish investments arrangements that increases the potential for host countries for economic growth (Olyiwuola and Okodun 2007) . The perception of FDI role in retarding the development of domestic countries/industries for export promotions had engendered hostility to multi-natural companies and their direct investment in many countries. But this view started diminishing when it was obvious that savings rate in such developing countries is lower than the required investments that can induce higher growth rate...